Common use of Notice to Unitholders of Non-Eligibility for Deferred Income Plans Clause in Contracts

Notice to Unitholders of Non-Eligibility for Deferred Income Plans. If the Trustee becomes aware that the Trust Units have ceased to be eligible investments for registered retirement savings plans, registered retirement income funds, registered education savings plans and deferred profit sharing plans (all within the meaning of the Tax Act) or any of such plans, the Corporation shall give notice to Unitholders at their latest address as shown on the register of Unitholders that Trust Units have ceased to be eligible investments for such plans. Notwithstanding the foregoing, the Trustee and the Corporation shall not be liable to the Trust or to any Unitholder for any costs, expenses, charges, penalties or taxes imposed upon a Unitholder as a result of or by virtue of a Trust Unit not being an eligible investment for any such plan, notwithstanding any failure or omission of the Corporation to have given such notice, provided the Trustee has complied with Section 7.5.

Notice to Unitholders of Non-Eligibility for Deferred Income Plans. If the Trustee becomes aware that the Trust Units have ceased to be eligible investments for registered retirement savings plans, registered education savings plans, registered retirement income funds, registered education savings plans funds and deferred profit sharing plans (all within the meaning of the Tax Act) or any of such plans, the Corporation Trustee shall give notice to Unitholders at their latest address as shown on the register of Unitholders that Trust Units have ceased to be eligible investments for such plans. Notwithstanding the foregoing, the Trustee and the Corporation shall not be liable to the Trust or to any Unitholder for any costs, expenses, charges, penalties or taxes imposed upon a Unitholder as a result of or by virtue of a Trust Unit not being an eligible investment for any such plan, notwithstanding any failure or omission of the Corporation Trustee to have given such notice, provided the Trustee has complied with Section 7.58.5.

Notice to Unitholders of Non-Eligibility for Deferred Income Plans. If the Trustee becomes aware that the Trust Units have ceased to be eligible qualified investments for registered retirement savings plans, registered retirement income funds, deferred profit sharing plans and registered education savings plans and deferred profit sharing plans (all within the meaning of the Tax Act) or any of such plans, the Corporation Trustee shall give notice to Unitholders at their latest address as shown on the register of Unitholders that Trust Units have ceased to be eligible qualified investments for such plans. Notwithstanding the foregoing, the The Trustee and the Corporation shall not be liable to the Trust Fund or to any Unitholder for any costs, expenses, charges, penalties or taxes imposed upon a Unitholder as a result of or by virtue of a Trust Unit not being an eligible a qualified investment for any such plan, notwithstanding any failure or omission of the Corporation Trustee to have given such notice, provided the Trustee has complied with Section 7.53.5.